Rainier Family Wealth Inc. Has $4.60 Million Stake in Cameco Corporation $CCJ

Rainier Family Wealth Inc. raised its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 19.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 42,369 shares of the basic materials company’s stock after acquiring an additional 6,759 shares during the period. Cameco comprises 3.1% of Rainier Family Wealth Inc.’s portfolio, making the stock its 7th biggest position. Rainier Family Wealth Inc.’s holdings in Cameco were worth $4,602,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Legal & General Group Plc grew its position in Cameco by 4.6% in the third quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock valued at $208,450,000 after purchasing an additional 108,841 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in shares of Cameco during the 4th quarter worth about $1,974,000. Intech Investment Management LLC boosted its stake in shares of Cameco by 3.8% during the 3rd quarter. Intech Investment Management LLC now owns 500,699 shares of the basic materials company’s stock worth $42,031,000 after buying an additional 18,261 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Cameco by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after acquiring an additional 258,193 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cameco by 0.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after acquiring an additional 85,762 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Up 0.6%

Shares of NYSE:CCJ opened at $107.08 on Tuesday. Cameco Corporation has a 52-week low of $67.60 and a 52-week high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The company has a market capitalization of $46.64 billion, a P/E ratio of 99.15, a price-to-earnings-growth ratio of 1.94 and a beta of 0.99. The company has a 50-day simple moving average of $112.40 and a 200 day simple moving average of $110.05.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. Sell-side analysts forecast that Cameco Corporation will post 1.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays started coverage on Cameco in a report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price on the stock. Scotiabank reiterated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. Canadian Imperial Bank of Commerce increased their price objective on Cameco to $202.00 in a report on Monday, March 9th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $135.00 target price on shares of Cameco in a report on Monday, June 15th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $147.42.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long?term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.